Frank’s International N.V. (NYSE:FI)‘s stock had its “hold” rating reissued by Scotiabank in a report released on Friday. They presently have a $12.00 price target on the pipeline company’s stock. Scotiabank’s price objective indicates a potential upside of 69.97% from the company’s previous close.

Several other research analysts also recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $10.00 target price on shares of Frank’s International N.V. in a research note on Friday, September 1st. Deutsche Bank AG started coverage on shares of Frank’s International N.V. in a research note on Tuesday, October 10th. They issued a “hold” rating and a $7.00 target price for the company. J P Morgan Chase & Co cut their target price on shares of Frank’s International N.V. from $9.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, September 12th. Jefferies Group LLC set a $9.00 price objective on shares of Frank’s International N.V. and gave the company a “hold” rating in a research note on Thursday, October 5th. Finally, BidaskClub downgraded shares of Frank’s International N.V. from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 17th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.25.

Frank’s International N.V. (NYSE FI) opened at $7.06 on Friday.

Frank’s International N.V. (NYSE:FI) last announced its earnings results on Thursday, November 2nd. The pipeline company reported ($0.11) earnings per share for the quarter, meeting the consensus estimate of ($0.11). Frank’s International N.V. had a negative net margin of 26.21% and a negative return on equity of 9.16%. The firm had revenue of $108.08 million during the quarter, compared to the consensus estimate of $120.42 million. During the same quarter in the previous year, the company posted ($0.14) EPS. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. research analysts forecast that Frank’s International N.V. will post -0.44 EPS for the current fiscal year.

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In related news, SVP Alejandro Cestero sold 7,355 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $6.81, for a total transaction of $50,087.55. Following the sale, the senior vice president now directly owns 2,442 shares of the company’s stock, valued at approximately $16,630.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder G. Mosing Family L.L. Kendall sold 1,500,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $7.25, for a total value of $10,875,000.00. Following the sale, the insider now directly owns 11,724,888 shares in the company, valued at $85,005,438. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,907,355 shares of company stock valued at $33,779,088. 77.90% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of FI. Citadel Advisors LLC raised its position in shares of Frank’s International N.V. by 10,360.6% during the 2nd quarter. Citadel Advisors LLC now owns 1,260,082 shares of the pipeline company’s stock valued at $10,446,000 after acquiring an additional 1,248,036 shares in the last quarter. State Street Corp increased its position in Frank’s International N.V. by 39.2% in the second quarter. State Street Corp now owns 1,420,473 shares of the pipeline company’s stock worth $11,779,000 after buying an additional 399,679 shares during the period. Northern Trust Corp increased its position in Frank’s International N.V. by 128.9% in the second quarter. Northern Trust Corp now owns 648,873 shares of the pipeline company’s stock worth $5,378,000 after buying an additional 365,398 shares during the period. FMR LLC increased its position in Frank’s International N.V. by 4.6% in the second quarter. FMR LLC now owns 6,873,830 shares of the pipeline company’s stock worth $56,984,000 after buying an additional 301,283 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Frank’s International N.V. by 61.1% in the first quarter. Dimensional Fund Advisors LP now owns 772,676 shares of the pipeline company’s stock worth $8,166,000 after buying an additional 293,146 shares during the period. 30.30% of the stock is currently owned by institutional investors and hedge funds.

Frank’s International N.V. Company Profile

Frank’s International N.V. (FINV) is a provider of engineered tubular services, tubular fabrication and specialty well construction and well intervention solutions to the oil and gas industry. The Company operates through four business segments: International Services, U. S. Services, Tubular Sales and Blackhawk.

Analyst Recommendations for Frank`s International N.V. (NYSE:FI)

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